In today’s business climate, where project budgets and schedules are under cost and time pressures (and where installed valve applications must perform reliably under increasingly severe conditions), valve simulations are enabling new capabilities.

Gas processing, liquefaction, oil refining, bulk petrochemicals and chemicals plants represent a large population of frontline engineers and technical managers. Their professional lives will become increasingly impacted by the growing adoption of disruptive digital technologies and digital platforms.

Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s.

With the ever-increasing speed of technology innovation around the Industrial Internet of Things (IIoT) and cloud offerings, industrial manufacturers are evaluating how these new solutions can impact their daily operations. Specifically, they are looking at how these innovations enable real-time, actionable insights across processes, assets and the workforce. These insights allow for quicker and more informed decisions, thereby driving efficiency and profitability.